Massachusetts General Laws ch. 160 sec. 68 – Acquisition, retention, sale or guarantee of other’s bonds or notes
Current as of: 2024 | Check for updates
|
Other versions
Section 68. A corporation owning a railroad connecting with another railroad, both of which are wholly constructed, or a corporation owning a railroad leasing, operating or controlling another railroad, may acquire, hold, sell and, upon such terms and to such an extent as may be authorized by a vote at a meeting called therefor, may guarantee the bonds or notes of such other railroad, whether such other railroad is located within or without this commonwealth; provided, that such bonds or notes are issued in conformity with law.
Terms Used In Massachusetts General Laws ch. 160 sec. 68
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.